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Why SAAS Startups Fail
- Lack of Market
- Poor Management team
- Product Problems
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126 reads
MORE IDEAS ON THIS
The Three Biggest Reasons Why SAAS Startups Fail
SAAS is a means by which applications are delivered over the internet, saving you from the burden of installation, management and continuous updates that comes with the traditional purchase and use of a software or application.
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147 reads
‘HubSpot could be profitable if we wanted to, our current revenue run rate is in excess of $20 million. We just believe that there are tens or hundreds of thousands of businesses that we can help transform with better marketing (beyond the 3,000+ that use our product today). We want to continue t...
HUBSPOT FORMER CMO MIKE VOLPE
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53 reads
1. Lack of market
Loving a business idea is not enough to make it successful and a lot of SAAS startups have had to experience the heartbreak that comes with this lesson. CBI insights report that about 42% of cloud startups stop operations due to this cause. I call it the passion trap and to avoid falling into it,...
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70 reads
2. Poor Management team
Visionary managers understand that for a startup to thrive, it must focus on value creation before profits.
Today’s profit-motivated entrepreneurs find it easy to gather a team of freelance developers on Upwork or Fiverr to make their product but once the product is past its concept stage t...
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56 reads
3. Product Problems
Shopify remains the leading platform for drop-shipping and e-commerce hosting for entrepreneurs because it does what it says, fast and easy. Competitors who have sprouted over the years have failed because they were unable to replicate this convenience and simplicity in their products, leading to...
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43 reads
CURATED FROM
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Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
These ideas contain valuable advise for small business and tech startups.
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